Core Viewpoint - The aging U.S. population is a significant driver for the healthcare sector, leading to increased demand for specific healthcare companies that cater to the elderly [1] Group 1: Bristol Myers-Squibb (BMY) - In 2021, the U.S. Medicare program spent $216 billion on subsidized prescriptions for seniors, with BMY receiving $12.6 billion for its blood-thinning drug Eliquis, accounting for over 25% of its $46 billion revenue [2] - The demand for blood thinners is expected to rise as more individuals enter the age bracket where such medications are necessary [2] - Medicare also paid $5.9 billion for BMY's Revlimid, a treatment for multiple myeloma, which is prevalent among seniors [2][3] Group 2: Eli Lilly (LLY) - Eli Lilly's Mounjaro, a weight loss drug, and its Trulicity diabetes drug, which generated $4.7 billion in Part D-covered prescriptions, position the company for long-term success [4] - Eli Lilly has negotiated new pricing with the federal government for its drugs, effective in 2026, which may enhance its sales potential [5] Group 3: Tenet Healthcare (THC) - Tenet Healthcare operates a large and diversified healthcare service network, including over 535 ambulatory surgery centers and 52 hospitals [6] - THC has experienced over 100% share value growth year-to-date and is projected to reach a valuation of $200 per share with continued performance [6][7] - The company is expected to grow as it acquires more facilities to meet the demands of the aging U.S. population [7]

Advanced Micro Devices (NASDAQ:AMD) is one of the key AI chip bets investors can make. The American chipmaker and AMD stock have been successful underdogs in the computing power space.More than a decade ago, Intel (NASDAQ:INTC), with its model of manufacturing its chips, dominated the CPU market. However, after several delays in manufacturing down to smaller node sizes, Intel eventually fell behind, and AMD gladly took advantage of the opportunity.AMD is playing an increasingly important role in the world o ...

Understanding companies’ fundamentals is vital for evaluating top stocks to buy. It helps one to make sharp investment decisions based on financial health, growth potential and competitive advantages. The below stocks remain undervalued and are industry leaders set for growth post-earnings season, making them ideal candidates to capitalize on the next major bull run.The first company excels in communication services, with strategic investments driving future growth. Meanwhile, the second company, in semicon ...

There’s plenty to be excited about regarding machine learning (ML). As a subset of the burgeoning artificial intelligence boom, ML is used for a core facet of generative AI in which algorithms can use existing data to learn without human intervention. Studying structured and unstructured datasets empowers machine learning to gain a contextual understanding of information and use it to become more proficient at repetitive tasks, interacting with humans and making decisions. We can also see signs of an indust ...

Growth stocks, known for rapid expansion and solid market positions, have outperformed for years. Despite not being market leaders yet, they possess the potential to dominate. For long-term investors seeking high upside potential, these growth stocks are compelling choices. Although riskier than big names, their strong fundamentals and competitive edge can drive significant gains. Despite numerous S&P 500 companies reporting losses, top performers tend to outperform this index and others. However, performan ...

A research report from 2017 indicates that mergers and acquisitions have created more value for acquiring firm shareholders post-2009 than ever before. This particularly holds true for mega deals worth $500 million or more.It’s likely that this research holds true today. Therefore, looking at companies that have impending mergers can be a good basis for stock selection. This column focuses on three merger stocks that are likely to fly higher once the deal is completed.It’s worth noting that the global value ...

 Consumer staples firms produce the essential goods and services that typically benefit from consistent overall demand. It is that consistent performance that generally makes consumer staples stocks recession-resistant.In turn, that makes shares in the sector strong buy and hold choices because they tend to perform well over the long run. People need to eat, take care of personal hygiene and maintain their households regardless of the macroeconomic situation at any given point. The result is that consumer s ...

Meta Platforms (NASDAQ:META) is a solid buy. This rating is based on its focus on open-source artificial intelligence and AI integration. The company made sharp advancements in AI tech, supported by the Meta AI assistant and the Llama 3 model. These efforts boost user engagement and derive top-line growth through better ad targeting and new monetization strategies. Moreover, Meta has a solid user base, which indicates its solid engagement and market penetration. The user base comprises over 3.2 billion dail ...

Core Insights - The defense sector is expected to gain importance due to worsening geopolitical circumstances and significant election cycles, prompting investors to consider top defense stocks [1][2] Group 1: Lockheed Martin (LMT) - Lockheed Martin reported Q2 earnings per share (EPS) of $6.85, surpassing the expected $6.46, resulting in a 6% earnings surprise [3] - For fiscal 2024, analysts project sales to reach $71.08 billion, a 5.2% increase from the previous year, with a high estimate of $72.13 billion [4] - The stock trades at a reasonable valuation of 1.8x sales, compared to an average of 1.69x between Q2 2023 and Q2 2024 [20] Group 2: Northrop Grumman (NOC) - Northrop Grumman achieved Q2 EPS of $6.36, exceeding the consensus target of $5.93, leading to a 7.2% earnings surprise [22] - Analysts forecast fiscal 2024 sales to rise to $41.31 billion, up 5.1% from $39.29 billion in the prior year [23] - The stock currently trades at 1.76x trailing-year sales, slightly below the average of 1.81x over the past year [6] Group 3: RTX (Raytheon Technologies) - RTX reported Q2 EPS of $1.41, beating the anticipated $1.30, resulting in an 8.61% earnings surprise [8] - Sales are expected to increase to $79.41 billion, a 6.9% rise from last year's $74.31 billion [9] - The stock trades at 2.16x sales, higher than the previous year's 1.89x but still within a reasonable range [24] Group 4: General Dynamics (GD) - General Dynamics posted Q2 EPS of $3.26, slightly missing the target of $3.31, but has shown strong performance in Q3 2024 [26] - Analysts predict fiscal 2024 revenue to reach $48.07 billion, a 13.7% increase from the prior year [42] - The stock trades at 1.77x sales, consistent with other defense companies [11] Group 5: L3Harris Technologies (LHX) - L3Harris reported Q2 EPS of $3.24, beating the consensus of $3.18, with an average EPS of $3.14 over the past four quarters [28] - For fiscal 2024, sales are anticipated to rise to $21.23 billion, a 9.3% increase from the previous year [33] - The stock trades at 2.06x sales, which is reasonable compared to the past year's average of 2.1x [12] Group 6: Textron (TXT) - Textron achieved Q2 EPS of $1.54, exceeding the consensus of $1.47, resulting in a 4.7% earnings surprise [34] - The stock appears undervalued, trading at 1.28x sales, compared to an average of 1.2x over the past year [29] - Analysts expect sales to reach $14.5 billion in the current year, a 6% increase from $13.7 billion last year [39] Group 7: Kratos Defense (KTOS) - Kratos is noted for its focus on unmanned systems, which are increasingly critical in defense [30] - The company posted Q1 EPS of $0.11, significantly above the target of $0.05, with an average earnings surprise of around 70% over the past year [15] - The stock trades at 2.8x revenue, higher than the previous year's average of 2.15x [35]

Nvidia (NASDAQ:NVDA) stock fell Monday despite delivering news of some promising developments within the company at SIGGRAPH 2024, a computer graphics technologies conference in Denver.At the event, company CEO Jensen Huang surprised audiences by focusing on the company’s software-side. Indeed, Huang detailed Nvidia’s Inference Microservices platform, which apparently plays a major role in pushing AI development forward. He also maintained that generative AI actually helps in the design of new chips, which ...